Brick Duplex with
For Sale
$778,000
Pending
1256 Allerton Avenue, Bronx, NY 10469
Residential Income, Bronx, NY
Property Size2,000 SF
Lot Size0.07 Acres
Days on Market155
Property Features for 1256 Allerton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 2
Parking features
Garage
Interior features
Eat-in Kitchen
Elementary school
Ps 121 Throop
Middle school
Jhs 144 Michelangelo
High school
Pelham Preparatory Academy
Elementary school district
Bronx 11
Middle school district
Bronx 11
High school district
Bronx 11
Directions
Google Maps
Special listing conditions
Probate Listing
Standard status
Pending
APN
04463-0052
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6593
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1955
Number of units
2
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Keller Williams Landmark II · Keller Williams Realty
(347) 846-1200
Listed By:
Silvia L. Corrales CBR SFR CIREC · License #10301208186
(347) 968-6288
Added: Mar 25
Changed: Aug 20
Last Checked: Aug 26 at 9:06AM
MLS# 976663
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This legal two-family duplex is a semi-detached Colonial residence built in 1955, with approximately 2,000 square feet of living space. The property includes four bedrooms, 2.5 baths, a full above-grade basement, brick construction, baseboard heat, and garage parking. The primary unit occupies the second and third floors and features three bedrooms, 1.5 baths, an eat-in kitchen connected to the dining area, and access to the yard from the second floor.
The approximately 0.0658-acre lot measures 23.17 feet by 123.67 feet in an irregular configuration, while the building measures approximately 19.67 feet by 37 feet. Public water and sewer serve the property, with natural gas available. Situated in the Allerton section of the Bronx, the home is near public transportation, shopping, schools, and major highways. The sale is subject to probate procedures, with court approval already obtained.
The approximately 0.0658-acre lot measures 23.17 feet by 123.67 feet in an irregular configuration, while the building measures approximately 19.67 feet by 37 feet. Public water and sewer serve the property, with natural gas available. Situated in the Allerton section of the Bronx, the home is near public transportation, shopping, schools, and major highways. The sale is subject to probate procedures, with court approval already obtained.
Key Highlights
- Legal two‑family duplex with approximately 2,000 square feet of living space
- Four bedrooms and 2.5 baths, including a three‑bedroom primary unit
- Full above‑grade basement and garage parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,803
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,016,060
$1.0M
Cap Rate 7%
$725,757
$725.8K
Cap Rate 9%
$564,478
$564.5K
Market Conditions
NOI Build-Up for 2,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$76.8K $38.40/SF
− Vacancy
−$4.2K −$2.11/SF
EGI
$72.6K $36.29/SF
− OpEx
−$21.8K −$10.89/SF
NOI
$50.8K $25.40/SF
Area
Bronx, NY
Vacancy
5.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,016,060
Cap Rate 7%
$725,757
Cap Rate 9%
$564,478
Alternative Uses
Best Use
Multifamily LT 5
$725.8K
$635.0K – $846.7K
NOI $50,803 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$657.2K
$575.1K – $766.8K
NOI $46,007 @ 7.0% cap · market cap 5.91%
Theoretical Best
Warehouse
$1.39M
$1.21M – $1.62M
NOI $97,010 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,444
Businesses Nearby
Explore this area
Business Placement
Demographics for 10469, NY
71,571
Population
25,082
Households
2.9
Avg Household Size
39
Median Age
29%
College-Educated
83%
High-School Grad
2.4 sq mi
ZIP Area
29,821
Density / Sq Mi
$76,018
Median Household Income
$45,857
Median Earnings
$1,653
Median Rent
$640,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family home with an eat-in kitchen, yard access, and public water and sewer service.
Where is this duplex located?
The property is located at 1256 Allerton Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $778,000.
What are key features of this property?
This property features: Legal two‑family duplex with approximately 2,000 square feet of living space; Four bedrooms and 2.5 baths, including a three‑bedroom primary unit; Full above‑grade basement and garage parking
